A leading insurance company
We have been using the Bank Payment System with SunSystems 4 for several years. We have a large number of customers – both corporate and individual – and we process over 50 bank transactions using BPS each day, avoiding double entry of data. Transactions are booked in SunSystems after completion of the BPS processes. A number of operations including bank charges are successfully detected and booked automatically in SunSystems. The main reason why we chose the Bank Payment System was to avoid double entry and additional reconciliation, and because the BPS recognises commissions that Citibank doesn’t show separately in statements.
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